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 Hong Leong Assuarance Cash Promise, worth to invest?

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AcerDynamo2
post Dec 5 2013, 07:34 PM

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Guys, get one thing clear, Cash Promise or any other savings plans on the market with an insurance company is exactly what it is; a savings plan. If you are expected a 20 to 30 percent margin or if you were told that kind of lucrative interest rates, then please go back to the saying 'if it sounds too good to be true, it probably is.". Some more even a typical investment cannot give that kind of projection! The jizz of a savings plan is to have your money locked down. Or take Warren Buffett's advice, he endorses 'long term'.

I personally sell savings plans and the only way to benefit from it, what I tell my clients is that the only way for them to benefit the most out of this plan is to wait for maturity, 20-30 years. Yes, 20 to 30 years. And that this is your last resort, you don't touch this savings plans whatsoever.

PS. for Cash Promise, or any other plans our there, you will not, or more properly, can not get back your investment if you were to surrender the plan after 6 years.



 

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